Accenture PLC $ACN Shares Sold by Channel Wealth LLC

Channel Wealth LLC reduced its position in Accenture PLC (NYSE:ACN) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,107 shares of the information technology services provider’s stock after selling 3,098 shares during the period. Channel Wealth LLC’s holdings in Accenture were worth $2,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares during the period. Capital Analysts LLC increased its position in shares of Accenture by 7.5% in the first quarter. Capital Analysts LLC now owns 13,970 shares of the information technology services provider’s stock valued at $4,359,000 after buying an additional 975 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Accenture by 12.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 920 shares of the information technology services provider’s stock worth $288,000 after buying an additional 103 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of Accenture by 4.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 8,589 shares of the information technology services provider’s stock valued at $2,680,000 after buying an additional 404 shares in the last quarter. Finally, TFB Advisors LLC grew its stake in Accenture by 12.1% in the 1st quarter. TFB Advisors LLC now owns 814 shares of the information technology services provider’s stock valued at $254,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Up 0.5%

Shares of NYSE:ACN opened at $273.40 on Thursday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The stock has a market cap of $180.03 billion, a P/E ratio of 22.50, a PEG ratio of 2.64 and a beta of 1.26. The business has a fifty day moving average of $251.83 and a two-hundred day moving average of $264.30. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same quarter in the previous year, the company posted $2.66 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. On average, research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 10th were issued a dividend of $1.63 per share. The ex-dividend date was Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is 53.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ACN shares. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Deutsche Bank Aktiengesellschaft raised their target price on Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research report on Wednesday, December 10th. Finally, Cowen reiterated a “buy” rating on shares of Accenture in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $294.04.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the transaction, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 33,319 shares of company stock worth $8,335,225. Insiders own 0.02% of the company’s stock.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.